#Order
Interim order granted by the Ontario Superior Court of Justice on the date the proceedings commenced; the terms of the order are not recorded.
Deaja Partner (Bay) Inc. et al.
FollowActive
- Proceeding
- BankruptcyBankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended
- File
- 31-2510937
Filings held7
Last activity10 Jun 2019
On the record2,686 days
Secured debt$10.4M
OverviewSummary updated
Deaja Partner (Bay) Inc. et al. became bankrupt on 15 May 2019 under the Bankruptcy and Insolvency Act, in the Ontario Superior Court of Justice, with KSV Kofman Inc. as trustee in bankruptcy. As at 30 May 2019 the only remaining asset was cash of approximately $110,000 and the only remaining liability a claim of approximately $4.5 million by Urbancorp Inc. Secured claims stated include $10,400,000 to Atrium Mortgage Investment Corporation and $4,700,000 to Laurentian Bank. The proceeding is carried on court file 31-2510937.
Proceedings AIAsk this case — answers cite the filings
Case updates7 dated entries
#Report
The trustee's report on the preliminary administration recorded the bankruptcy as occurring at 12:47 on 15 May 2019.
Source: Certificate of Appointment - Deaja Partner (Bay) Inc.
#Report
Court officer report filed on the commencement date, recording that the Monitor made the assignment filings that same day.
Source: Trustee's Report to Creditors on Preliminary Administration dated May 21, 2019
Parties
Debtor
Deaja Partner (Bay) Inc.
Debtor
The Townhouses of Hogg's Hollow Inc.
Debtor
Urbancorp (Bridlepath) Inc.
Trustee in bankruptcy
AlixPartners
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Morawetz | Ontario Superior Court of Justice | 1 order, Jul 2019 | 130 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Trustee in bankruptcyAlixPartners | Davies Ward Phillips & Vineberg LLP | 23 May 2019 | Factum · 23 May 2019 |
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Atrium Mortgage Investment Corporation · in 3 casesMortgage on 2425 Bayview Avenue, Toronto property — Repaid in full from sale proceeds of Bridlepath property — debtor: Urbancorp (Bridlepath) Inc. · as of 14 Oct 2016 | $10.4M | Trustee's Report to Creditors on Preliminary Administration dated May 21, 2019 |
| 4 | Secured | Laurentian Bank · in 2 casesMortgage on 9064 Woodbine Avenue, Markham property — Repaid in full from sale proceeds of Woodbine property — debtor: Urbancorp (Woodbine) Inc. · as of 30 Sep 2016 | $4.7M | Trustee's Report to Creditors on Preliminary Administration dated May 21, 2019 |
| 4 | Secured | Terra Firma Capital Corporation (TFCC) · in 2 casesMortgages granted by Woodbine and Bridlepath on real property, securing a guarantee of a loan to Urbancorp Holdco Inc. — Guarantee claim disputed/disallowed by Monitor as a transfer at undervalue and voidable as a fraudulent conveyance or preference; later assigned to UCI and admitted pursuant to Revised Settlement approved March 19, 2019 — debtor: Bay LP, Urbancorp (Woodbine) Inc., Urbancorp (Bridlepath) Inc. | — | Trustee's Report to Creditors on Preliminary Administration dated May 21, 2019 |
| 8 | Unsecured | Urbancorp Inc. (UCI) · in 3 casesOnly remaining claim against the Bay Entities is held by UCI, approximately $4.5 million; related party (parent of Cumberland Entities and creditor of Bay Entities); originally admitted at $8 million plus interest and costs in respect of promissory notes, reduced by $3.05 million distribution on June 28, 2018 — debtor: Bay Entities · as of 30 May 2019 | $4.5M | Trustee's Report to Creditors on Preliminary Administration dated May 21, 2019 |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
RecoveriesAs declared or paid
Unsecured creditors: 33 %. Dolvin paid in full.FinalMotion Record of the Trustee · 22 May 2019
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | creditors with admitted claims against the Bay CCAA Entities | — | 33 % | Final | Motion Record of the Trustee · 22 May 2019 |
| class not placedDolvin (trust claim against Westside) | Dolvin | $917Kasserted | paid in fullconditional | Estimatedper the monitor | Motion Record of the Trustee · 22 May 2019 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
Estate financialsReported figures — never derived
Total assets at filing$110K
As at 30 May 2019 · per Trustee's Report to Creditors on Preliminary Administration - stated cash balance · Bay Entities (procedurally consolidated bankrupt estates: Urbancorp (Woodbine) Inc., Urbancorp (Bridlepath) Inc., The Townhouses of Hogg's Hollow Inc., King Towns Inc., Newtowns at King Towns Inc., Deaja Parter (Bay) Inc. and TCC/Urbancorp (Bay) Limited Partnership) — Only remaining asset is cash totaling approximately $110,000; only remaining liability is UCI claim of approximately $4.5 million (see unsecured_creditors)
Documents7 filings
| Date | Document | File |
|---|---|---|
Consolidation Order dated July 16, 2019
| ||
| Book of Authorities of the Trustee dated May 23, 2019 | ||
Factum of the Trustee dated May 23, 2019
| ||
Motion Record of the Trustee dated May 22, 2019
| ||
| Trustee's Report to Creditors on Preliminary Administration dated May 21, 2019 Court officer report filed on the commencement date, recording that the Monitor made the assignment filings that same day. | ||
Certificate of Appointment - Deaja Partner (Bay) Inc.
| ||
| Certificate of Appointment - Urbancorp (Bridlepath) Inc. | ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Deaja Partner (Bay) Inc. et al.” (Bankruptcy), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/deaja-partner-bay-inc